Saving for retirement is a little like sailing: when the sun is out and the sea calm, everything seems great, but when the wind comes up and the sea’s volatile, it becomes downright frightening. And there have been some volatile markets recently, which may have made you feel like opting out entirely and jumping overboard. But, as with sailing, so with investing—you’re better off in the boat.
One of the most effective ways to lower your tax burden is to split your income with your spouse.
Let’s take a moment and rewind – back before you started your career, your relationship or your family. Back then, when you had more time and less money, how much did you spend? What about now? The difference between the two is lifestyle inflation.
The foundation of financial planning is savings. When you save, you secure your financial future and make it easier to fund your dreams. Often when we talk of savings, we focus on retirement. But, there’s so much more to savings than that.
A tool for managing the financial future of people with disabilities, RDSPs can help you ensure your child has a solid financial future no matter what happens to you. That peace of mind is invaluable.
In the fable of the ant and the grasshopper, the ant works all summer storing up food so he can be comfortable in the winter. The grasshopper decides he’d rather have fun and spends the summer fiddling. But, when it comes to retirement investments, the truth is neither of those investment strategies is very good for most people.